At the beginning of April, Brooke Grechus launched a custom computer programming company called Softways. The company had the following transactions during April:

a. Brooke Grechus invested \($45,000\) cash, office equipment with a value of \($4,500,\) and \($28,000\) of computer equipment in the company.

b. Purchased land worth \($24,000\) for an office by paying \($4,800\) cash and signing a long-term note payable for \($19,200\).

c. Purchased a portable building with \($21,000\) cash and moved it onto the land acquired in b.

d. Paid \($6,600\) cash for the premium on a two-year insurance policy.

e. Provided services to a client and collected \($3,200\) cash.

f. Purchased \($3,500\) of additional computer equipment by paying \($700\) cash and signing a long¬ term note payable for \($2,800\).
g. Completed \($3,750\) of services for a client. This amount is to be received within 30 days.
h. Purchased \($750\) of additional office equipment on credit.
j. Completed client services for \($9,200\) on credit.
j. Received a bill for rent of a computer testing device that was used on a recently completed job. The \($320\) rent must be paid within 30 days.
k. Collected \($4,600\) cash from the client described in transaction i.
I. Paid \($1,600\) cash for wages to an assistant.
m. Paid \($750\) cash to settle the account payable created in transaction h.
n. Paid \($425\) cash for minor repairs to the computer equipment.
o. Grechus withdrew \($3,875\) cash for personal use.
p. Paid \($1,600\) cash for wages to an assistant.
q. Paid \($800\) cash for advertisements in the local newspaper during April.
Required l. Prepare general journal entries to record these transactions (use the account titles listed in part 2).
2. Open the following accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Computer Equipment (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); B. Grechus, Capital (301); B. Grechus, Withdrawals (302); Fees Earned (402); Wages Expense (601); Computer Rental Expense (602); Advertising Expense (603); and Repairs Expense (604). Post the journal entries from part 1 to the accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of this month’s operations.